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If you are a retail dispensary operator or brand in Montana, shoot me a DM, this data is available to you through Tella's newest Market Intelligence Platform. More states coming soon! #MontanaCannabisCommunity #CannabisRetail #BusinessIntelligence

It's Tella Tuesday!! -> Cannabis Insights for Montana: Edibles Edition. ❗ Stores Want Brand Variety! ⬇ Montana retailers are expanding their product ranges, offering more edible brands to meet the growing consumer demand for variety and innovation in edibles. There's also a noticeable rise in the number and depth of discounts on edibles. Retailers are using competitive pricing to attract new customers and boost sales. 👉 Key Insights: Consumers are seeking unique and diverse edible options, creating opportunities for niche products and specialized brands. Increased discounts indicate heightened competition, with retailers aiming to capture market share and build customer loyalty. 👉 Strategic Recommendations: Highlight the unique selling points of each brand to stand out in the market. Balance discounts with profitability through tiered discounts or bundled offers. Provide detailed product information and educational resources to help consumers make informed decisions, increasing satisfaction and repeat purchases. 💡 These insights highlight the evolving cannabis edibles market in Montana. Leveraging these trends can help businesses stay competitive and meet consumer demands. For more info on our Market Intelligence, contact me or Tella! #CannabisMarket #EdiblesTrend #BusinessInsights #MontanaCannabis #TellaTuesday #RetailStrategy

🔥 Craft Cannabis is Gaining Ground! Budtenders are gravitating towards craft cannabis brands, with Carmel and MTL Cannabis emerging as top picks in 2024 in Canada. These smaller players are recognized for quality over quantity, reshaping consumer preferences in stores. Explore the executive summary here, and reach out to us to get the full report: https://hubs.la/Q02Ly39_0 #CannabisIndustry #CannabisResearch #Budtender #Insights #Market #Trends #ConsumerTrends #DataAnalytics #BrightfieldGroup

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🗣 🗣 Top Cannabis Promotions for XMas & New Year's! 🗣 🗣 Happy Cabbage Analytics knows the categories that are likely to be most popular during this time. Lightly discount drinks and edibles. It seems topicals are quite popular during this time as customers bring their elderly family members gifts to aid in their aches and pains. Topicals are one of the best way to introduce the power of cannabis medicine to our older loved ones that may have been anti-pot until recently. That being the case, there’s no need to discount this category. People wanting topicals are going to buy them regardless. What you can consider is bundling products!! Make a Christmas Basket offer with a couple bevs, a preroll or two, and some topicals. Mix it up, make a couple bundles, just capture more in the cart by pairing popular products with holiday-oriented use cases. Read more Here: https://lnkd.in/gvbbSd5K #HappyCabbageAnalytics #cannabisindustry #cannabismarketing #strategy #deliverability #attribution #ROI #holidaycampaigns #smsmarketing

Tilray's Solei Takes Tea To A New Level With Three Premium Cannabis-Infused Blends, read more on the latest from Benzinga by Jelena Martinovic. Features Tilray Brands, Inc., Solei., #Cannabis #CannabisNews #Market #Industry #CannabisTea #Blends #BZCannabis.

What does milk & Oreos have to do with cannabis promotions? Imagine walking around your local grocery store and seeing a sign for a milk and Oreo bundle. Which one is the most compelling? ◆ Get $1.00 off total when you buy milk & Oreos  ◆ $1.00 off milk when you buy milk & Oreos  ◆ $1.00 off Oreos when you buy milk & Oreos The discount $$$ is the same. But they don't motivate the customer equally. Milk is likely one of the reasons you might be going to the grocery store; therefore, it is considered a necessity. While a discount on milk is always welcome, it would likely not motivate you to purchase the Oreos. However, Oreos are categorized as a treat. The $1 off the Oreos can help offset the guilt of a treat, making this the promotion most likely to drive velocity on the promotion. So, in this example, when building a bundle promotion, it's really important to consider what the customer is coming to the store for rather than 'treating' themselves. When is an 28g the milk? When is an 3.5g the milk or the oreo? Want to read more? Khan, Uzma & Dhar, Ravi (2010). “Price-framing effects on the purchase of hedonic and utilitarian bundles,” Journal of Marketing Research, 47(6), 1090-1099. 

THC Seltzers hit the High Street in California. Cann, a THC beverage just launched in Erewhon. Why is this a big deal? Well until now THC products have been sold exclusively in dispensaries. But now you can grab your THC hit when you pick-up your lunch or groceries. Cann is one of the biggest, best backed brands out there. For those that don't know them, here are a few cheeky facts: > Cann offers low-dose, cannabis-infused beverages with 2 mg THC and 4 mg CBD for a mild, social experience. > The brand is marketed as a healthier, low-calorie alternative to alcohol, with only 30-35 calories per can. > Celebrity investors include Gwyneth Paltrow, Rebel Wilson, Ruby Rose, Darren Criss, and Baron Davis. > They've raised over $32 million, including a $27 million Series A round in 2021, to fuel expansion. > Launched in 2019, Cann has quickly expanded from California to several states and is eyeing international markets. > They achieved over $8.5 million in revenue by December 2023, marking a 46% year-over-year growth. We think this is huge and will be keeping a close eye on Cann 👏 Jake B. Travis Tharp Hilary McCain Follow us for more like this, or for more insights download our report The Future of Socialising (in partnership with KAM Insight): https://lnkd.in/e6EZEufW #HighandDry #Cann #Erewhon #THC #alcohol #alcoholfree #nonalcindustry

Very proud of everyone at Indiva for achieving these impressive results! Congratulations to everyone on my commercial team for growing Pearls to become Canada's favourite gummy, for launching one of the most disruptive brands in No Future, and for making some of the most delicious and margin-rich products in the cannabis industry! Just wait until Pearls Red Razzleberry 1:1:1 (THC/CBG/CBD) launches in the weeks to come ... INDIVA REPORTS RECORD NET REVENUE, IMPROVED GROSS MARGINS, AND POSITIVE EBITDA FOR Q4 2023 AND FULL YEAR 2023 FINANCIAL RESULTS SELECTED HIGHLIGHTS: Q4 2023 * Record quarterly net revenue of $10.9 million, a YOY increase of +16.8% vs Q4 2022 * Pearls Q4 2023 net revenue grew 360%+ vs Q4 2022 * Growth in Pearls and the launch of No Future gummies and vapes generated an incremental +$6.7 million in net revenue, more than offsetting -$4.6 million in lost lozenge sales and declining revenues from Wana * Record gross margin before inventory write-down for the quarter of 38.5%, a +9.2 percentage point improvement vs Q4 2022 * Operating expenses decreased to 28.9% of net revenue vs 41.7% in Q4 2022 * Record EBITDA of $0.9 million * Record adjusted EBITDA of $1.5 million FULL YEAR 2023 * Record annual net revenue of $37.6 million, a YOY increase of +9.2% * Record gross profit before inventory write down of $13.2 million, a YOY improvement of +26.9% * Gross margin before inventory write down improved almost 5 percentage points to 35.1% of net revenue (vs 30.2% for 2022) * Operating expenses decreased to 33.7% of net revenue, down from 41.4% in 2022 * Record EBITDA of $1.6 million (vs -$4.8 million in 2022) * Record adjusted EBITDA of $2.4 million (vs -$1.5 million in 2022) MARKET SHARE & EVENTS SUBSEQUENT TO 2023 * Indiva was the #1 LP in edible market share in Ontario, Alberta, and BC, in Q4 of 2023 * Indiva owned the #1 and #2 ranked edible SKUs (Pearls Blue Razzleberry and Pearls Blackberry Lemonade) in Q4 2023 * Since launch in August of 2023, No Future gummies have sold more than 3.6 million units across Canada, and is already the #2 brand in BC, #3 in Alberta, and #7 in Ontario where the brand launched in October of 2023 * No Future launched two new flavours of gummies (The Red One and The Pink One) in April of 2024 * Pearls added to its 25pk lineup with the launch of Lemon Dream CBN, to flank Marionberry CBG and Peach Mango CBD * No Future also added three new vapes (Grape Ape, Peach Punch, and Tropical Island Haze) to its lineup that now has a total of nine 1.2g 510s * No Future launched a new chocolate product called Fatty Patty, a chocolate covered chocolate chip cookie dough with 10mg THC * Indiva Blips Tablets added to its lineup with a value-rich 55pk launched in AB and BC and also arrives soon in Ontario (June 2024) https://lnkd.in/ex-i42Jg

In the ever-expanding cannabis market, budtenders are constantly seeking products that stand out. One such product gaining traction is the NUGZ G Sherb vape cartridge. “Honestly, probably my favourite 510 vapes of all time... The flavor is incredible…similar to sangria,” says High Buds Club member Court, highlighting its unique appeal. Why are full-spectrum cartridges like NUGZ G Sherb capturing budtenders' attention? It's their rich flavor profiles and the authentic experience they offer. Combining live resin and distillate, NUGZ G Sherb delivers a taste and potency that sets it apart. Though Court notes it can be a little harsh after a few puffs, the overall experience is highly regarded. As cannabis brands strive to innovate and capture market share, insights like these from frontline budtenders are invaluable. They not only reflect current consumer preferences but also point towards future trends. 🌿 For cannabis brands, this is a call to action: Are your products aligned with these evolving tastes and preferences? 👥 Know someone in the cannabis industry who'd be interested in this trend? Share this post with them! Join our conversation below and give us a like if you find these insights helpful. #cannabisindustry #productreview #cannabis